The guar gum market is projected to grow at a CAGR of 7.9% from 2017 to reach USD 1,115.8 million by 2022. The demand for guar gum is projected to be on the rise, owing to factors such as the booming oil & gas industry, increasing demand for convenience and processed food, and growth in innumerable applications such as mining, explosives, pharmaceutical, cosmetic, and paper industries, due to their multi-functional properties. Growth in shale gas production and increasing demand for frozen and dairy food products, are fueling the growth of guar gum demand. However, the market for guar gum is expected to fluctuate due to its high dependency on rainfall and the crude oil market. Also, the development of substitutes such as xanthan gum and locust gums can pose as a restraint for the market growth.

“Oil & gas segment, by application, is projected to be the fastest-growing in the guar gum market”

In terms of both value and volume, the oil & gas segment is projected to grow at the highest rate between 2017 and 2022. Due to functional properties such as friction reduction, thickening, gelling, and high viscosity, guar gum is widely used in oil well drilling, geological drilling, and water drilling activities. The rise in oil drilling and oil recovery activities in countries such as Saudi Arabia, Iran, Iraq, the U.S., Canada, and Argentina is expected to increase the demand for guar gum in the coming years.

“North America is estimated to be the fastest-growing region in the market.”

In the global guar gum market, North America is estimated to be the fastest-growing region, in terms of value and volume, between 2017 and 2022. This region comprises developed economies such as the U.S., Canada, and Mexico, which occupies a significant share in the global guar gum market. Large volumes of guar gum imported by the U.S. and Canada, for the oil & gas industry, is the main factor contributing to the dominance and fast growth of

North America in the global guar gum market.

The rising shale gas industry coupled with the increase in consumer demand for processed & convenience foods in the North American and European regions, drive the demand of the guar gum. Application of guar gum in multiple industries such as mining, explosives, paper manufacturing, textile, firefighting, tobacco, and photography due to its multifunctional properties, is another factor contributing to the increasing demand for guar gum from these regions.

The guar gum market has been segmented on the basis of grade, application, function, food &beverage application, and region. In terms of insights, this research report has focused on various levels of analyses—industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global guar gum market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, opportunities, and challenges.

Reasons to buy this report:

To get an overview of the global guar gum market

To get an overview of the key players of the guar gum industry

To gain insights of the major regions in which the guar gum market is growing

4 Premium Insights4.1 Attractive Opportunities in this Market4.2 Guar Gum Market, By Grade4.3 North America Held the Largest Share in this Market4.4 Guar Gum Market, By Function4.5 Market, By Food & Beverages Application4.6 Market: By Region4.7 Product Life Cycle, By Region

Did you find what you are/were looking for
?
If not, read below and browse through other relevant pages for similar market research
reports OR get in touch with us through the form/contact info in your right navigation
panel and well share relevant market report titles for you to explore.

"Marzipan is a kind of confection consisting primarily of sugar or honey and almond meal, sometimes augmented with almond oil or extract and so on. In the report, it includes the direct consumption of marzipan paste and used as a raw material of cake...

The global Black Cumin Seed Oil market is valued at XX million USD in 2017 and is expected to reach XX million USD by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
China plays an important role in global market, with market size...

The global Beta Carotene Powder market is valued at XX million USD in 2017 and is expected to reach XX million USD by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
China plays an important role in global market, with market size...

The global Bean Sprouts market is valued at XX million USD in 2017 and is expected to reach XX million USD by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
China plays an important role in global market, with market size of xx m...

In this report, the United States Cold-pressed Juice market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
Geographically, this report splits the Unit...

In this report, the United States Edible Films market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
Geographically, this report splits the United Sta...

In this report, the United States Salt Substitutes market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
Geographically, this report splits the United...

In this report, the United States Still Drinks market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
Geographically, this report splits the United Sta...

In this report, the United States Gluten-free Bakery market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
Geographically, this report splits the Unit...

In this report, the United States Defatted Wheat Germ Powder market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
Geographically, this report splits ...

Research Support / Custom Research

If this business study does not have the data and information analysis you need,
contact us with your research requirements. We explore available market research
reports to map your needs and share report titles with you. Alternatively, we can
also offer custom research that suits your budget and timelines. Share your information
requirements here.

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.